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earth there. and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as other members
to that. what i was thinking about today, in one sense, no. it doesn't matter which plan. a big investor think both plans are really band-aid plans and none of them deal significantly with what i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a downgrade. it is unsure whether that would happen. the reid plan, even though a lot of the parts of that are seen by many as gimmicks, probably would pass that hurdle and you wouldn't get that immediate downgrade. that's an interesting distinction. >> stand by for a moment. i want to bring back kate and jessica. there is a harry reid plan and a john boehner plan. given the stakes involved, why not have these two gentle
to look at it. if i can dial out for a minute and give you a big picture perspective, despite this tit for tat and all this political spinning going on, there is still a meeting scheduled at the white house tomorrow, as far as we san antonknow, all sides are planning to come here and they will be discussing detailed spending cuts and for the first time, this discussion of tax changes. will there be revenue on the table, a major controversial issue. despite all this, there could still be potential progress towards one of these deals tomorrow. we'll see. >> you answered my last question. we'll check back with you later on. they might want to start with decaf tomorrow. >> let's go to our top story now. this is an important thing for all of us to be aware of. this in-depth look at the rupert murdoch scandal as it begins to reverberate in america. we thought it might and indeed it has. murdoch withdrew his bid for bskyb amid the most disturbing allegations that emerged. according to a british paper, journalists from the news of the world approached a new york private investigator to buy pho
for joining us. if we don't get a deal out of washington before the big bad debt ceiling deadline, one of the guys you can blame or thank, depending on how you see it, is congressman joe walsh, a republican from illinois. he's one of those freshmen who rode the tea party wave into washington last fall. we mentioned them a moment ago. he spoke out against a compromise at a tea party rally in washington earlier today. listen. >> i'm a freshman. maybe i'm naive. but i don't think unless we force -- unless we force republicans and democrats to balance their books every year, they won't. the only way we can do that is to force them. the only way we can force them is to put a balanced budget amendment in the constitution. we have to do that. we can't yield. >> and congressman walsh joins me now live from capitol hill. congressman, welcome back to the show here. listen, you know what i'm hearing more than anything around d.c., people are saying about you and some of the other people who are really holding the hard line here, don't these guys know how to take a win? because the feeling is that
what, these are important times, we're debating big, passionate issues. when my president, when your president, goes on tv and says that he's going to have to start pulling social security checks on august 3rd, he's not being truthful with the american people. so, you know, look. i'm tired of politicians all over the place who don't talk straight and just say what they believe. let's cut through all the crud and try to solve issues here. let's quit being political. and i think that's all this president's been doing. >> you think the talk about social security was essentially a scare tactic? >> absolutely. we know -- and this is -- this is what they began a few months ago when they began talking about this notion of default. they know, we know, there are plenty of government revenues to service your debt, to service our debt when august 2nd comes and goes, if it comes and goes. same thing with social security checks. and my fear is that he's going to continue down this line and try to scare military families. and try to scare families who have student loans. and just continue to go do
't he go back stronger. >> reporter: let's not mix a lot of different things into one big pot. the poll you referred to was a poll that was done the day after dominique strauss-kahn's arrest. it was a poll that was faultily done. it was declared illegal and done as people were still trying to adjust and absorb the reality that one of the most powerful men in the world who could have been president could have committed such a crime as he was about to announce his nomination. so, i disregard the importance of that poll that said early on that a majority of the french thought that he might have been the victim of a plot. as for france having different sexual morays, seduction is not criminality, seduction is playful, should be enjoyable. committing a violent crime against a woman which was what was alleged to have happened is appalling for any french person. and so one has to make that distinction. what is the bridge between seduction and a violent crime is the potential abuse of power which is -- which is also something that is endemic in french life. >> you make a point that's what's eve
Search Results 0 to 10 of about 11 (some duplicates have been removed)